Yikes!!! There are a number of terrifying car insurance myths that have perpetuated over the years and have been passed down through generations. No one really knows the true origin of these myths or why they were even started.
So huddle around the campfire, hide behind the sofa, or peek out from under your bed covers while BestQuote brings you 4 scary car insurance myths you, the consumers, should not fall victim to.
1) Buying Insurance From A Dedicated Agent Is Best.
(a) Myth – The best way to get a low premium is to purchase insurance from a dedicated agent who works within an insurance firm.
(b) Fact – The more you shop around, the best chance you have at getting the lowest premium out there. That way, you receive rates from numerous companies and you can buy the one that best suits you, even if it means interacting with dedicated agents from all of these companies.
2) You Can Keep Your Insurance From Going Up By Not Reporting Accidents.
(a) Myth – By not claiming on your insurance policy when there is an accident, your insurance company will not be inclined to raise your premium the following year.
(b) Fact – In the event you were to ever be involved in an accident with another driver, that driver may file a claim for damages and injuries. If they do go ahead and do so, their insurance company will file a claim against you and your insurance, which will then cause your premium to increase.
(3) Your Premium Rises As You Age.
(a) Myth – Older drivers are more likely to have high premiums due to the fact they are more prone to accidents because of poor eyesight and slow reflexes.
(b) Fact – This is somewhat the opposite and experience is key. Drivers over a certain age usually qualify for reduced insurances rates as most insurance company offer additional discounts to more seasoned drivers. Experience is not everything, however, and so a combination of shopping around, whilst maintaining a long, clean driving history is the best way to pay less for you car insurance.
(4) Private Insurance Covers Both Personal And Business Use Of Your Car.
(a) Myth – Private motor insurance should cover me in the event of an accident even if I am on a business venture.
(b) Fact – If you are self-employed and you use your vehicle for business purposes, private motor insurance may not protect you. While commercial insurance may cost more, it is usually advised for situation relating to business. Insurance companies typically don’t like to pay out for claims that don’t fall within the cover that you have paid for and so its best to be truthful when taking out a policy.
We hope you’re not too spooked by the alarming facts above, but we thought you should know these myths so you don’t fall victim.
Now that we’ve cleared that up, let BestQuote also help you get SCARY savings on your car insurance this month! By visiting our website, completing the details and simply clicking “Get A Quick Quote”, you can receive the lowest premium island wide on your insurance today! Check us out at bestquotebb.com